值得注意的是，就在8月31日，优必选科技宣布已与国际投资机构Infini Capital正式签署10亿美元战略伙 伴合作协议。双方达成多项产业战略合作内容：Infini Capital计划在合适时机增持优必选股票，成为不 超过5%持股比例的重要股东；双方联手投资人形机器人上下游产业链；同时双方计划在中东建立超级 工厂和研发中心以及中东总部。 智通财经APP获悉，优必选(09880)再涨近5%，截至发稿，涨3.8%，报106.4港元，成交额7.88亿港元。 消息面上，据优必选官微消息，优必选获得某国内知名企业2.5亿元具身智能人形机器人产品及解决方 案采购合同，该合同以具备自主热插拔换电系统的Walker S2人形机器人为主，将在今年内启动交付。 花旗发布研报称，优必选表示人形机器人订单已达4亿元人民币，若所有订单均在今年交付，花旗对优 必选的2025年营收预测有望上调约8%。 ...

人形机器人大单不断。 9月3日晚，总部位于深圳的人形机器人公司优必选对外宣布获得2.5亿元大单，这也是目前全球人形机 器人最大的单一合同。 更早前，智元机器人和宇树科技中标中国移动旗下公司"人形双足机器人代工服务采购项目"，总金额达 1.24亿元。 亿元订单频现，背后的意义远不止于数字本身。这意味人形机器人在多年的技术验证之后正迎来爆发。 从春晚扭秧歌，到跑马拉松，到参加世界人形机器人运动会，再到进工厂打工，人形机器人正以肉眼可 见的速度进化。 行业订单热度不断攀升，人形机器人商业化元年呼啸而至。 在2025世界机器人大会上，宇树科技创始人王兴兴预测，未来几年，全球人形机器人行业出货量每年翻 一番可以保证的。如果有更大的技术突破，甚至可能未来2到3年，年出货量达到几十万台甚至上百万 台。 人形机器人的资本化进程也在加速。 智元机器人斥资21亿元收购上市公司曲线登陆A股，宇树科技以120亿元估值启动上市辅导，预计将于 10月至12月间向证券交易所提交上市申请文件。 资本青睐的背后，是对人形机器人万亿市场的集体押注。摩根士丹利近期发布报告预测，2050年人形机 器人市场超5万亿美元，年复合增速超50%。 值得关注 ...

Market Overview - The market experienced a decline on September 4, with the Shanghai Composite Index falling by 1.25% to close at 3765.88 points, particularly impacting technology stocks [1] - The AI ETF, Huaxia (589010), dropped by 6.99%, with a total decline of 14.37% over the past five trading days, indicating a correction after the significant gains in July and August [1] - Major holdings in the AI ETF saw substantial declines, with Lingyun Optics leading at a drop of 14.61%, followed by Cambricon at 14.45%, and other companies like Lanke Technology and Aerospace Hongtu also experiencing declines exceeding 8% [1] - The Robot ETF (562500) fell by 3.80%, with notable declines in holdings such as Yuntian Lifei at 8.13% and Qinchuan Machine Tool at 7.99% [1] - Total trading volume reached 21.33 billion yuan, indicating active market participation, with the Robot ETF seeing a net inflow of 8.56 billion yuan over the past five trading days [1] Industry Highlights - Marc Benioff, founder of Salesforce, shared a video showcasing a prototype of Tesla's Optimus humanoid robot, which can respond to voice commands and is expected to replace human labor with salaries ranging from $200,000 to $500,000 [2] - CINNO Research reported that the sales of consumer-grade AI/AR glasses in China are projected to reach 262,000 units in the first half of 2025, marking a 73% year-on-year increase, with no-screen AI glasses being the main growth driver at a 463% increase [2] - The forecast for AI/AR glasses shipments in China by 2025 is 900,000 units, representing a 133% year-on-year growth, with the industry expected to surpass 100 billion yuan in three years [2] Institutional Insights - According to Cinda Securities, humanoid robot technology is rapidly evolving, moving from diverse solutions to more centralized approaches, with significant advancements expected in the capabilities of the third-generation robot, Optimus 3 [4] - The anticipated capabilities of Optimus 3 include performing complex household tasks, which could set a global benchmark for humanoid robots [4] ETF Information - The Robot ETF (562500) is noted for being the only ETF in the market with a scale exceeding 10 billion yuan, offering the best liquidity and comprehensive coverage of the Chinese robotics industry [5] - The Huaxia AI ETF (589010) is characterized by its 20% price fluctuation limit and flexibility in small and mid-cap stocks, aiming to capture pivotal moments in the AI industry [5]

【观网财经丨 智能早报 9月5日】 国家标准委：将围绕人工智能、物联网等领域制修订国家标准4000余项 9月4日，市场监管总局召开的新闻发布会上介绍，今年以来，国家标准委发布了制造业转型升级相关国 家标准600余项，有力支撑和引领制造业高端化、绿色化和智能化转型升级。下一步，国家标准委将聚 焦制造业转型升级的关键领域与薄弱环节，加大行业急需、先进适用的标准供给力度，加快标准更新升 级，重点围绕人工智能、物联网、循环利用、能耗能效、新材料、高端装备等领域制修订国家标准4000 余项。同时强化标准实施应用，加强对重点领域、重点产业链的标准实施情况监测，推动标准与产业、 财政、金融、税收等政策的协同配套，确保标准实施效能充分发挥。 据解放日报，机器人开启"走穴"模式。今年6月起，智元机器人已完成来自境内外各景区、金融机构、 商场、政府部门商单不下百单，这些机器人每台每日常规"出场费"约1.5万元。进工厂、进家庭是机器 人的核心目标，但这并不妨碍它开拓副业。机器人商演是一时的热闹与噱头，还是市场巨大且真实的刚 需？柯进网络科技（上海）有限公司董事长曹亚坦言，短期内，机器人商演将从敲锣打鼓炫技向舞台剧 等领域纵深发展。 ...

2025年最红火的科技产品，当然少不了人形机器人，TA出现在春晚、首届人形机器人半程马拉松、首 届世界人形机器人运动会、世界人工智能大会、世界机器人大会上，扭秧歌、跑步、打拳、唱歌、跳 舞、泡制咖啡……人形机器人无所不在，似乎也无所不能。 今年也被称为"人形机器人元年"，无数创业者躬身入局，争当上游。其中，有一家2023年2月才成立的 创业公司，发展势头迅猛，它就是智元机器人。这家公司由前华为高管邓泰华掌舵，前华为"天才少 年"、技术极客"稚晖君"彭志军担任CTO，在短短两年多的时间里迅速崛起，成为与宇树科技并驾齐驱 的领头羊。 就在前不久，老冀参加了在上海举办的智元机器人首届合作伙伴大会，得知一个惊人的消息：今年第四 季度，智元将开源自研具身智能操作系统"灵渠OS"，助力国产操作系统占领全球机器人市场。 "我们成立智元的时候就开始搞操作系统，希望灵渠OS能够成为ROS之外的第二选择。"智元机器人董 事长兼CEO邓泰华透露。 邓泰华口中的ROS（Robot Operating System），是当前最主流的机器人操作系统。2022年12月，Google X下属Intrinsic公司收购了ROS背后的商业化主体 ...

Group 1: National Standards and Manufacturing - The National Standards Committee plans to revise and formulate over 4,000 national standards focusing on key areas such as artificial intelligence, the Internet of Things, and new materials to support the transformation of the manufacturing industry [1] - In 2023, the National Standards Committee has already released over 600 national standards related to the transformation and upgrading of the manufacturing industry, promoting high-end, green, and intelligent development [1] Group 2: AI Developments - DeepSeek aims to release its AI agent by the end of this year [2] - OpenAI is collaborating with Broadcom to mass-produce its self-developed AI chips, with shipments expected next year [2] - Apple plans to develop an AI-based web search tool for Siri to compete with OpenAI, with a launch expected next year [3] Group 3: Robotics and Automation - Zhiyuan Robotics has adopted a "performance" model, earning approximately 15,000 yuan per day per robot since June, with over a hundred contracts from various sectors [4] - UBTECH has secured a record contract worth 250 million yuan for humanoid robots, marking the largest contract in the global humanoid robot sector to date [5] Group 4: Consumer Electronics - Huawei launched the Mate XTs foldable smartphone, starting at 17,999 yuan, featuring the Kirin 9020 chip and HarmonyOS 5.0, with a 36% performance improvement [6] - Huawei's smartwatch shipments have surpassed Apple's for the first time, driven by a recovery in consumer demand, particularly in the Chinese market [7][8] Group 5: Supply Chain and Labor Market - Foxconn and other Apple supply chain companies are aggressively hiring due to the upcoming iPhone 17 release, with hourly wages significantly higher than non-Apple factories [9]

本周四(9月4日)，大盘全天单边走弱，上证指数跌1.25%收于3765.88点，科技股大面积下跌，光模块 (CPO)、光芯片、光通信等概念指数跌幅居前。截至收盘，科创人工智能ETF华夏(589010)收跌6.99%， 近5个交易日跌幅达14.37%，已经部分消化7-8月的暴涨行情，相对低位下稳健持有、逆势布局或成为投 资者的良策。持仓股方面，成分股普遍回撤，凌云光领跌14.61%，寒武纪下跌14.45%，澜起科技、航 天宏图、云天励飞均下跌超8%。机器人ETF(562500)收跌3.80%，盘中震荡下探，筑底洗盘。持仓股方 面，云天励飞领跌8.13%，秦川机床下跌7.99%，科沃斯下跌7.34%，中大力德、绿的谐波等跌幅超 6%。流动性方面，当日成交总额达21.33亿元，市场交投活跃。机器人ETF近5个交易日有4日获资金净 流入，共"吸金"8.56亿元，投资者或可把握逆势加仓的机遇。 【热点要闻】 【市场复盘】 信达证券表示，人形机器人技术迭代快，技术方案正从多样化走向聚拢集中。马斯克称，第三代机器人 在协调性和执行复杂任务的能力上会有很大的突破，比如能完成叠衣服、照顾小孩这样的家庭场景任 务，我们预计Opt ...

格隆汇9月5日丨英思特(301622.SZ)在投资者互动平台表示，公司主要产品包括单磁体应用器件和磁组 件应用器件，应用于笔记本电脑、平板电脑、智能手机、电子配件产品等。公司积极布局机器人行业领 域，目前产品已在工业机器人、家具扫地机器人领域供应，占比较小，并积极开发、储备人形机器人相 关的产品和客户资源，已给人形机器人电机的客户送样，当前进展正常。涉及到与客户的具体合作及进 展，基于商业保密协议，公司不便透露。 ...

格隆汇9月5日丨乔锋智能(301603.SZ)在投资者互动平台表示，公司是国内领先的数控机床企业，公司 部分机床产品已经应用于人形机器人零部件制造，并有相应应用案例及客户。公司高度重视应用于人形 机器人领域的数控机床产品、技术的研发和投入。通过与开普勒机器人进行股权投资及业务合作，公司 将更加贴近机器人核心零部件加工场景（如滚柱丝杆、行星减速电机壳体等精密金属件），第一时间了 解到一线市场需求和数据反馈，助力并加速公司适配机器人行业的数控机床设备的研发与迭代。 ...

Core Viewpoint - Tesla's CEO Elon Musk emphasized that the scaling of FSD (Full Self-Driving) and Optimus robots is crucial for the company's future, with approximately 80% of Tesla's value expected to come from Optimus robots [1][3]. Group 1: Strategic Importance of Humanoid Robots - The strategic position of humanoid robots within Tesla's business model has been significantly enhanced, indicating their potential as a new growth engine for the company [3]. - The technology for humanoid robots is rapidly evolving, moving from diverse solutions to more concentrated approaches, with significant breakthroughs anticipated in the capabilities of the third-generation robots [3]. Group 2: Market Outlook and Projections - By 2026, humanoid robots are expected to see substantial market penetration, with design upgrades and data accumulation ongoing until the end of 2025, leading to a rise in sales as the industry matures [3]. - As the supply chain for humanoid robots matures, prices are expected to decrease, enhancing the certainty of the market structure [3]. Group 3: Investment Opportunities - Investment opportunities in the robotics supply chain are highlighted, including companies involved in the core robot body, actuators, sensors, reducers, universal joints, and tendons [4].